Similar Search Results

Is there really a renminbi bloc in Asia?

Kawai, Masahiro; Pontines, Victor - 2014

This paper examines whether the renminbi (RMB) has supplanted the US dollar as the major anchor currency in the currency baskets of East Asian economies. First, we systematically demonstrate that existing techniques to address the problem of severe multicollinearity in estimations of the...

Persistent link: https://www.econbiz.de/10010251700

Asian FTAs : trends and challenges

Kawai, Masahiro; Wignaraja, Ganeshan - 2009

Although a latecomer, economically important Asia has emerged at the forefront of global free trade agreement (FTA) activity. This has sparked concerns about the negative effects of Asian FTAs, including the "noodle bowl" problem. Amid slow progress in the World Trade Organization's (WTO) Doha...

Persistent link: https://www.econbiz.de/10003901392

Asia in global governance : a case for decentralized institutions

Kawai, Masahiro; Petri, Peter A.; Şişli-Ciamarra, Elif - 2009

study uses the analytical framework of club theory to highlight structural obstacles to reform in international …

Persistent link: https://www.econbiz.de/10003901475

Reform of the international financial architecture : an Asian perspective

Kawai, Masahiro - 2009

the international community to seriously focus on the reform of the international financial architecture for crisis …

Persistent link: https://www.econbiz.de/10003901587

Asia's post-global financial crisis adjustment : a model-based dynamic

Kawai, Masahiro; Zhai, Fan - 2010

Using a dynamic global general equilibrium model, the paper assesses the short- and medium-term impacts of the global financial crisis on Asian economies and the implications of post-crisis adjustment in emerging East Asia (EEA) for the world economy. The analysis suggests that EEA is unlikely...

Persistent link: https://www.econbiz.de/10008732262

Asia's role in the global economic architecture

Kawai, Masahiro; Petri, Peter A. - 2010

The global economic and financial landscape has been transformed over the past decade by the growing economic size and financial power of emerging economies. The new G20 summit process, which includes the largest emerging economies, has established high-level international policy cooperation in...

Persistent link: https://www.econbiz.de/10008732364

From the Chiang Mai Initiative to an Asian Monetary Fund

Kawai, Masahiro - 2015

Following the 1997-1998 Asian financial crisis, financial authorities in ASEAN+3 embarked on several new initiatives for East Asia's financial cooperation, including: (i) regional economic surveillance led by the Economic Review and Policy Dialogue (ERPD); (ii) a regional liquidity support...

Persistent link: https://www.econbiz.de/10010526534

Financing development cooperation in Northeast Asia

Kawai, Masahiro - 2013

- comprising the Northeastern People's Republic of China, Japan, the Democratic People's Republic of Korea (DPRK), the Republic of …

Persistent link: https://www.econbiz.de/10009704218

Regional financial regulation in Asia

Kawai, Masahiro; Morgan, Peter J. - 2014

The Asian financial crisis (1997 - 1998) and the global financial crisis (2007 - 2009) highlighted the potential value of financial regionalism, i.e., regional-level cooperation in financial policy. This paper argues that there is a mediating role for regional-level institutions of financial...

Persistent link: https://www.econbiz.de/10010240660

Financial crisis as a catalyst of legal reforms : the case of Asia

Kawai, Masahiro; Schmiegelow, Henrik - 2013

deterioration and Indonesia indicates a steep decline followed by remarkable improvement. We argue that reforms of the economic laws … Indonesia, Malaysia, and the Philippines, the colonial "transplant effect" of Western legal systems may have made the … implementation of laws a significant challenge. In Thailand, implementation was affected by the "yellow shirts" (anti-Thaksin) versus …

Persistent link: https://www.econbiz.de/10010204182